CNSI Sold to Carlyle

Technology & Services
Healthcare

CNSI, a portfolio company of AMCP, acquisition by Carlyle


Summary

Client Network Services, Inc. (“CNSI” or the “Company”), a portfolio company of Alvarez & Marsal Capital Partners (“AMCP”), has agreed to be acquired by The Carlyle Group (“Carlyle”) (NASDAQ: CG). The transaction is subject to various regulatory approvals and customary closing conditions.

Baird served as exclusive financial advisor to CNSI on this transaction.

About

CNSI provides innovative healthcare technology solutions for some of the most forward-thinking State and Federal customers. As a trusted partner to government agencies, CNSI develops, implements, operates and maintains mission-critical systems for Medicaid, Medicare, and related health programs through its claims processing, provider enrolment, analytics, program integrity, interoperability, and other solutions. As the industry’s recognized technology leader, CNSI is positioned to capitalize on the significant modernization initiatives across State and Federal customers. CNSI is headquartered in McLean, Virginia.

Carlyle’s acquisition of CNSI illustrates the following priorities in Government Healthcare M&A: (1) State and Federal procurement strategies evolving to prioritize commercial grade and / or COTS technologies; (2) requirement for massive modernization across the healthcare technology ecosystem in favor of modular and interoperable systems; and (3) experienced management team and proven business model driving value.

AMCP is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $1.8 billion. AMCP has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success. AMCP invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services. AMCP is headquartered in Greenwich, Connecticut.

Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents. Carlyle is headquartered in Washington, DC.
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Technology & Services
Healthcare

CNSI, a portfolio company of AMCP, acquisition by Carlyle

Date
December 2021
Company
CNSI
Transaction
M&A - Sellside
Sectors
Technology & Services
Healthcare
Verticals
Healthcare IT & Services
Application Software
Business Process Outsourcing
Government & Defense
IT Services, Security & Networking
Target Location
North America
Acquiror Location
North America

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